It hit me that if I went to wholesaling I can make more money and learn much more faster if I'm out there doing some of the more complex work.I understand the no money situation, which is why I've started wholesaling.

Pros: Faster closing, possibly smaller DP due to the loan to value, they might not mind that we are close to the DTI limitCons: Higher interest rates, need to refinance, due to DTI probably can't refinance conventionally until 2015 when our current properties start counting for us rather than against, still have to convert to 4 unit for conventional loan.3.

One realtor might price high to get a larger commision while the next might price low to get a faster sale - you wont see that line item adjusted for in an appraisal.

I still need to get my 30 days worth of stubs and leave time for underwriting.I countered them back today changing my offer to an investor offer bc its the only way i could accept their new contigency and move my loan along faster. but, i also threw in for them to pay 3% in closing costs since im now having to bid as investor.Im having regrets about asking them for those closings costs.

In fact, it may rent faster because there arent near as many availabl.

This time i hope to be do it faster.

We already know we will be successful and are ready to make this all a reality.A Plan…FIRST 30 DAYS WITH OUR TEAM1.We refine this list and add details.2.We will sign a partnership agreement with clear understanding or roles, responsibilities, and rewards.3.We will make 100 offers on properties on the MLS.4.We will have at least three funding options.5.We will have 100 leads from outside of the MLS.6.Meet regularly and share knowledge.7.From those first offers we will have one real deal to look at.8.We will stick to our numbers and analyze the deal.OUR FIRST DEAL1.Meets our numbers and close in less than 17 days.2.We will have rehab plan3.We will begin to market home for resale4.We will deal with the first unforeseen issue and move past with knowledge gained and a stronger team.5.We will close on the home quickly after we list it.THE NEXT THREE DEALS1.We will be completely freaked out from being in our first deal but equally charged up to find more.2.We will be able to move faster through our areas of responsibility3.We will begin to finish each other’s sentences and we have trust in the team.4.We will begin to refine our systems individually and as a team.5.We will close three more deals and take away knowledge and improvement from each of them.AFTER THAT1.Some of us will grow and move on.2.Some of us will take lesser roles3.Some of us will feel very comfortable with each other and formalize a company that is doing 5 to 10 rehabs a month.4.We refine our actions, write it down and repeat in another area, maybe Santa Clarita Valley or the west side.5.We have truly changed our lives in a positive way.Well thanks for making it this far.

With all the technology, and software out to make things faster and easier, I forgot about good ol Snail mail/ Fed-ex.

It might not get you a better deal, but they might move the file faster knowing it has less chance of falling through.

When marketing for buyers my list grew a lot faster and longer in the Bay Area than it did for Chicago so thats where my partner and decided to invest first!